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Mexico's economy minister said Mexico will not make further changes to its GM corn decree before the USMCA panel proceeds. The decree maintains a ban on GM corn for human consumption while allowing its use in animal feed and industrial products.
Mexico's refusal to soften the decree keeps uncertainty over US corn exports elevated, and the animal-feed uses that remain allowed limit the immediate demand hit.
reuters.comAdriana BarreraAug 22, 2023After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
